UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less ...

The scheme was extended to refined in February 2023 with two separate caps of $100 for premium products, such as diesel, and ...

Three Russian companies have received approval from the Indian government to provide marine insurance cover to tankers, ...

Reuters projected Russian oil and gas revenue for April to come in at 1.292 trillion rubles, up from 648 billion rubles in ...

The Russian economy ministry has downgraded its forecasts for the country's crude oil export prices for the next three years ...

Strikes on Russian oil facilities blamed on Kyiv have stoked concerns about energy prices and inflation in the U.S.

This cap prohibits the utilisation of Western maritime services, including insurance, flagging, and transportation, for tankers transporting Russian oil priced at or above USD 60 per barrel.In 2023, ...

The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia as ...

Under the price cap, insurance, finance and other services for Russian oil shipments will be banned if oil sells for more than 60 U.S. dollars a barrel. The chair of the Foreign Affairs Committee ...

Russian oil is almost exclusively lifted by the “grey” — or “shadow” — fleet numbering hundreds of ships, since the rising ...

Russia was China's top supplier throughout 2023, shipping 2.14 million bpd despite Western sanctions and a price cap ...

Three Russian companies gain approval from India to provide marine insurance, facilitating crude oil transport amid EU bans.